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GameAccount Network is a leading developer and supplier of online gaming content and enterprise-level business to business gaming software systems.
The Company has developed an Internet Gaming System (“IGS”), which it licenses to online and land-based gaming operators as a turn-key technology solution for both regulated real-money and simulated online gaming. The IGS, developed in London under a UKGC license, is certified to the highest technical standards currently required by gaming regulators.
The IGS includes a gaming content platform which enables the distribution of a comprehensive range of proprietary and third party gaming content to online gaming operators.
GameAccount Network develops online casino games and converts offline casino slot machines into online equivalents on behalf of third party land-based slot machine manufacturers.
The Company also operates a licensed business to customer website under the brand MoneyGaming.com in the UK, which offers a suite of skill, casino table and third party slot games to end-users.
GameAccount Network has an established business in Europe, licensing its gaming content platform to UK, Spanish and Italian gaming operators including, PaddyPower, William Hill, Rank, Lottomatica, Sisal MatchPoint, and SNAI. GameAccount Network has also licensed instances of the IGS to European land-based casino operators, including Rank in the recently regulated Spanish market. GameAccount Network has strategically positioned itself as a first mover and is actively seeking to replicate this successful approach in regulating markets in Europe.
GameAccount Network has been developing its presence in the US since 2009 and established a dedicated US office in Las Vegas, Nevada in 2013. In October 2013, the company completed its first significant US transaction with the sale of a version of its IGS to Aristocrat Technologies. In New Jersey, GameAccount Network has partnered with Betfair to provide Trump Plaza Hotel and Casino with its IGS to offer regulated real-money online gaming from November 2013.
In unregulated US states, GameAccount Network offers a monetised virtual credit gaming solution (known as “simulated gaming”) to land-based casino operators seeking to build their online brand in preparation for the regulation of real-money online gaming. In Connecticut, GameAccount Network has licensed a version of the IGS to the Mashantucket Pequot Tribal Nation (owners and operators of the Foxwood’s Casino Resort) to offer simulated gaming in expectation of intra-State regulation in Connecticut in 2015.
GameAccount Network is incorporated in England and Wales, registered number 03883658. The United Kingdom is the company’s main country of operation.
Dermot joined GameAccount Network in 2002. Dermot previously worked in the European Investment Banking team of SoundView Technology Group. Dermot has operational and management experience in online gaming through his experience with GameAccount Network, together with M&A, strategic advisory and private equity financing experience in the gaming technology industry. Dermot is a qualified (non-practising) UK lawyer specialised in corporate finance. Dermot’s education encompasses an LLB in Law from Exeter University, the Legal Practice Course from the College of Law (UK) and the Investment & Corporate Finance Advisory qualification from the UK’s Financial Conduct Authority. Dermot is a non-executive director of Powerflute Oyj and is a member of its audit and remuneration committees.
Seamus joined the Board of GameAccount Network in April 2014. Seamus has 18 years’ experience in the gaming and technology industries and is currently the President of Joingo, a mobile software company in San Jose, California with overall responsibility for company growth and financial performance. Prior to Joingo, Seamus spent five years at Aristocrat Technologies, the second largest manufacturer of slots machines and gaming solutions in the world. At Aristocrat, he was Chief Operating Officer of the Americas with responsibility for the North American, Canadian and Latin American markets. Prior to Aristocrat, he held senior positions at Cyberview Technology, WMS Gaming Inc. and Mikohn Gaming Corporation.
Michael joined the Board of GameAccount Network in June 2008. Michael is Chief Executive of S.F. Investments, a privately held company that manages worldwide investments on behalf of the Smurfit family. Michael is a director of a number of companies, including Escher plc and The K Club Limited. Michael previously held a number of senior positions within the Jefferson Smurfit Group both in Europe and the US.
Roger joined the Board of Game Account in June 2008. Roger is an entrepreneur and an experienced non-executive director, representing both private equity investors and personal investments. Roger has a track record of investing in numerous high growth companies, including gaming and Internet businesses and has significant experience of acquisitions and disposals. Roger has a BA in Business Finance and an MSc (MBA) from London Business School.
The Directors have established an audit committee, a remuneration committee, and a nomination committee with formally delegated rules and responsibilities. Each of the committees currently comprises the non-executive Directors and will meet regularly, and at least twice each year.
The Audit Committee
The audit committee is responsible for ensuring that the financial performance of the Company is properly reported on and monitored and for meeting the auditors and reviewing the reports from the auditors relating to accounts and internal control systems. It will meet at least once a year with the auditors without executive Directors present. The audit committee is comprised of Roger Kendrick, Seamus McGill and Michael Smurfit Jr. and will be chaired by Roger Kendrick. Roger Kendrick is deemed to have recent and relevant financial experience and is the audit committee financial expert.
The Remuneration Committee
The remuneration committee reviews the performance of the executive Directors, sets and reviews the scale, structure, and basis of their remuneration and the terms of their service agreements with due regard to the interests of Shareholders. In determining the remuneration of executive Directors, the remuneration committee will seek to enable the Company to attract and retain staff of the highest calibre. The remuneration committee will also make recommendations to the Board concerning the allocation of share options to employees. No Director is permitted to participate in discussions or decisions concerning his own remuneration. The remuneration committee is chaired by Seamus McGill and comprised of Roger Kendrick and Michael Smurfit Jr.
The Nomination Committee
The nomination committee is responsible for reviewing the size, structure, and composition of the Board, succession planning, the appointment of replacement and/or additional directors and for making the appropriate recommendations to the Board. The committee is comprised of Michael Smurfit Jr., Roger Kendrick and Seamus McGill and will be chaired by Michael Smurfit Jr.
GameAccount Network plc is incorporated in the United Kingdom (registered number 03883658).
The United Kingdom is also GameAccount Network’s main country of operation.
The rights of shareholders may be different from the rights of shareholders in an Irish incorporated company.
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